Tonwassa 2 Group

The ten members of the TONWASSA 2 group are married men, who are on average 39 years old, have 8 children, and live for the most part in traditional families in ZOUMANA DIASSA, a village in the KLELA commune in the SIKASSO circle, the 3rd administrative region of MALI. They are collaborating with microfinance institution Soro Yiriwaso in order to improve their agricultural businesses during the rainy season. They are on their fifth loan with microfinance institution Soro Yiriwaso, and their previous loans were properly repaid. The crop grown is corn with Mr. DIAKALIA, standing in the center of the photo in this men’s group TONWASSA 2. With his loan, he plans to buy ten 50-kg sacks of fertilizer and 15 containers of herbicides of differing quality and to pay for labor to maintain 2.5 hectares. After the harvest, the produce is sold in the village in SIKASSO to a clientele composed of men and women for cash or credit. He foresees earning a monthly profit of 390,000 francs CFA per season. This profit will allow him to repay his loan with interest and to contribute to the family’s daily expenses.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.